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(5 points) On September 1, 2020. EmTach Corp. issued a note payable to MetaBank for $6,400,000. The note had a 7% interest rate and is

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(5 points) On September 1, 2020. EmTach Corp. issued a note payable to MetaBank for $6,400,000. The note had a 7% interest rate and is to be paid back in four equal payments of $1,600,000 plus accrued interest. The first payment was made on September 1, 2021. How much interest payable should EmTach Corp. record for this note on December 31, 2021? (LE 3) $122,453 $367,360 $149,333 $244,907

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